Redrow Share Discussion Threads

[10 bob] 26/3/2007 22:14

can't say where and is only speculation from other sorces who tell me that Gladedale are determined to become a much bigger player in the industry. they did try earlier and just missed out on Fairclough's, (to Miler)so they will be aiming for a large company (not many left to chose from) Bellway are out of the question IMO due to their own organic growth, persimmon i feel will go for Bovis (both had same banking facilities until recently when one changed - can't remember which - but would make you think of a conflict of interest)which doesn't leave many others. i do have other info (not much though)but don't feel it should be made public yet. there will be a lot of movement within the industry this year but i feel that most stock are already too high...

[bigbertie] 26/3/2007 21:34

10 Bob - where did the idea of Redrow and Gladedale come from, or is it just you speculating?

[bigbertie] 26/3/2007 21:31

just back from weekend away in a lonely part of Scotland so have just seen the fun today! mistertibbs, it would be a bit early for Barratt to go for another bid - they need to show they can make something out of WLB first. I think Persimmon will bid for another builder within the next year, as the other big players will be busy merging etc so it will leave the field open. Redrow looks reasonable value and may be an easy target if Morgan is keen to cash in his remaining shares.

the only problem with todays news is that I also hold Barratt and people seem to be switching out of them into hotter stocks. However Barratt should recover when they (hopefully) get into FTSE100. exciting times - good luck all.

[10 bob] 26/3/2007 20:25

sorry that should be Gladedale Holdings

[10 bob] 26/3/2007 20:20

possibly persimmon & bovis..
while redrow & gledvale get together

[mistertibbs] 26/3/2007 20:15

The suggestion going around appears to suggest persimmon or barratt. I'll just watch and hold. Wouldn't surprise me if private equity start sniffing at housebuilders sooner or later.

[lightning] 26/3/2007 13:50

I've held RDW since it floated, always hoped I might be able to claim the 1% shareholder perk on a discount for a new house. Vain hope, it turns out. Regular dividend and overall a good capital gain have compensated.

Any ideas on a match for RDW, must be some companies out there uncomfortable with the new Taylor Woodrow/Wimpey conglomerate.

[mistertibbs] 26/3/2007 10:09

You certainly are good at timing this one bigbertie. Been holding this myself for nearly 2 years now.

[bigbertie] 14/3/2007 14:45

yes, another opportunity - finally back in at 571p. jamesgk, I hope you are right about Persimmon.

[manrobert] 14/3/2007 14:34

maybe a bid for ben bailey.

[amla] 12/3/2007 17:44

Nice dividend of 7.8p could blast the share price down well below 600p.Pity they seem to have done about the same as last year.Not exciting enough results.Well run company but share price too high for a bid IMO and as they are in the business of selling cheap housing who is there to buy them out...Telford/Galliford Try????

[bigbertie] 05/3/2007 16:16

damn - I was planning to buy back in below 600p but I was out when it happened.
I should have left a limit order on
there will probably be another opportunity though, I can't see this volatility ending yet - there are too many threads to it.

[jamesgkenny] 20/2/2007 14:02

persimmon now favourites to add this and regain Britains no 1 position

[mike24] 22/1/2007 13:45

nice bounce today if it can keep going
forget the BTL brigade we need less flats ,
and more houses of which there is a chronic shortage
up 43p wed/23

worth a hold now, only merv king can spoil the party

[bigbertie] 12/1/2007 12:03

go ahead, feel free!

edit: on second thoughts hang on a minute while I buy back in

[jamesgkenny] 12/1/2007 11:54

Perfect time to make a bid...............

[mike24] 11/1/2007 14:50

RDW now has the best reputation for paying contractors on time
some as little as one week ,says a lot for the healthy state of their finances

a 21% increase to 21,000 building plots, average house of
162k seems to be in the right price bracket,

but the chart looks down, to turn around from the high of 2/1/07

[bigbertie] 06/12/2006 13:55

by a strange coincidence I have just taken profits. I think the recent rise has been driven by moves to speed up planning procedures - Redrow has a big strategic land bank. Beginning to wonder if I should have held on - I'll have a look at Ben Bailey as well.

[jamesgkenny] 06/12/2006 12:51

well done for holding i am in Ben Bailey for the land bank but wished i had stayed with this its still a barratt target

[bigbertie] 15/11/2006 10:51

this is really in play now. am I the only holder?

[bigbertie] 10/11/2006 15:55

well the bid has come for Crest instead of Redrow, but who cares - Redrow have jumped anyway. (And I hold Crest as well, so time for a beer, I think.) Redrow's turn will come though IMHO.

[redtelephone] 03/11/2006 15:45

What does anyone know about rumoured talks of the takeover of Telford Homes.I have seen nothing in press just what I have heard on building sites.Anyone?

Would be good.This is fits in with our best peforming part of our business geographically.

Pasted their last trading update below.Anyone enlighten me?


Trading Update


Telford Homes Plc issues the following trading update for the year ending 31
March 2007. Interim results will be announced on 21 November 2006.


The directors are pleased to announce that the strong start to the year reported
at the time of our Annual General Meeting on 6 July 2006 has continued with
sales progressing well. In particular, all 179 private homes at our development
in High Street Stratford, OneStratford, are now sold with 175 contracts
exchanged and the remaining four proceeding to contract.


In addition, we have secured an enhanced planning consent at our major
development in South Woodford, Queen Mary's Gate, increasing the number of homes
in the development from 441 to 498. Although we have not yet begun marketing of
the private apartments (the launch is at the end of September), we have already
registered enquiries from more than 800 prospective purchasers, indicating very
strong interest in this development. We have already sold 14 of the 16 private
townhouses that form the first phase of the development.


New land opportunities are continuously being appraised as we seek to extend our
development pipeline; we have recently exchanged contracts to acquire another
site close to the future Olympic Park which we hope to develop in the medium
term.


As a result of successful trading to date, the directors expect the interim
results to be very strong with profits weighted towards the first half of the
year. In addition, we are confident that our results for the year ending 31
March 2007 will exceed current market expectations.

[n66usa] 02/11/2006 08:56

any idea if the bid rumour might still be around?

[bigbertie] 18/10/2006 09:45

onward & upward - there must be something happening here surely!

[bigbertie] 10/10/2006 10:20

thanks laf, I've been searching for some bit of gossip or news to explain the recent rise. This rumour has been around on and off for a while, so I suspect there is some substance, perhaps BDEV directors rushing off to Wales for dinner, or some well-known property valuer seen visiting large Redrow land holdings? The Persimmon / Westbury takeover was rumoured for a long time before it eventually happened. I also notice Redrow ads on TV recently - perhaps they are trying to raise the company profile......

edit - in fact the thread title says it all. perhaps we should change it to "Barratt bid rumours surface again"